Food and Beverage Companies
Consumer Goods models are becoming outdated and leaving companies in the dust
Did You Know These Food/Bev Companies are B-Corps?
Consumer Packaged Goods need to Adjust for Disruptors
Source: McKinsey Insights (November 2021)
Key Takeaways:
Economic Growth for Consumer Goods
Becoming a B-Corp that puts sustainability at the forefront makes your business competitive again
The pandemic exposed major disruptions in an already increasingly competitive industry
Integrating a business plan for your entire supply chain will help chart a path towards value creation
Disruptors that weren’t as important in the past are coming to the forefront:
Shifts in consumer choice (price & quality)
Monopolization and rise of mass merchants
Digitization and upsurge of eMarketplaces
Becoming a B-Corp can deal with these disruptors!
| Challenges in the Industry | How B Corp Solves Them |
|---|---|
| Use of Plastics: An increase in the use of single-use as a result of ready to eat dining options increasingly available | Identification and prioritization of more sustainable packaging that will decrease your carbon footprint |
| Regulatory Process: A stringent regulatory landscape that includes waste disposal, food quality, and traceability | B-Corp Community assists in keeping companies aware of any changes across the regulatory landscape |
| Predictive Scheduling: Bottlenecks within the lifecycle for products expands company risk | Sustainability strategies help limit the reduction of waste and identify areas for automation |
| E-Commerce Rise: Recent events have led to the acceleration of a more digitized means to shop | The B-Corp process assists companies to revamp their business model, creating opportunity to digitize areas internally |
| Inventory Management: Inventory accuracy across supply chains stifle profit margins | The process incentivizes an increase in transparency & accountability to suppliers, giving you a clearer picture of your supply chains |
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